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20121205
20121213
Search Results 0 to 7 of about 8 (some duplicates have been removed)
face-to-face as always. jon. jon: the fiscal cliff talk is ticking less than three week to go to hammer out a deal before automatic spending cuts and kick in. house speaker boehner has made it clear republicans are staying in washington before and after christmas to solve the crisis as the president pushes his plan with bipartisan group of mayors and community leaders. chief congressional correspondent mike emanuel live on capitol hill. we had slight movement on the fiscal cliff negotiations, mike, but it doesn't really sound like they're close to a deal, huh? >> reporter: that's right, jon. president obama reduced his new revenue demand from $1.6 trillion over 10 years to $1.4 trillion over 10 years. house speaker john boehner says he is the most optimistic guy in washington but serious differences remain and the republicans may not feel like they have a whole lot of leverage in the negotiations with a democrat in the white house and democrat controlling the senate but they are threatening when it comes to the calendar. take a listen. >> the president seems to be walking you ever so sl
bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the economy. liz, can you place it in context about where our economy is right now. >> reporter: the president just now was placing it in the -- the economy in the broader context of what is going on in the world, mentioning asia, mentioning europe, and then he turned to what was the most important part of the speech, he started to speak and that is what is holding us back ironically is stuff that is going on in this town, and he also, the president also said, no one wants to get a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this
carolina three years ago. jenna: we've been talking about the fiscal cliff and the clock is ticking down until the deadline for that amid all the efforts to hammer out a deal on capitol hill. while some warn of the damagers going over a cliff the man known as one of the greatest 20th century advocates for a free market economy may have had a different take. his name was milton freidman, and his greatest concern was really just government, and too much of it. here he is in a clip from the 2006 documentary "1%." >> in the end we'd end up worse off. it would do harm not good. people don't pay those high taxes, they find ways of getting around it. you're never going to be able to stop them from finding ways to get around it. jenna: talking a little bit about taxes there. my next guest has written extensively about milton freidman. we wanted to ask him, what would milton do, one of the greatest economists. nobel peace prize winning economist. we have the author of the inch dense pensable milton freidman. what would he think about all of this. >> great to be with you. i'm sure if milton freidm
, house speaker john boehner just took the floor in talking about the fiscal cliff. let's listen in. >> mr. speaker, i rise today to recognize victor dhi dhi qar lor receiving -- jenna: well, maybe i jinxed things. [laughter] i was told that he was speaking on the floor. we saw him come up, but sometimes they need to do a few different orders of business before they actually get to the topic, so i apologize for charlie gasparino who was giving us an overview of where we really stand here in the financial system, and that does play into this fiscal crisis, because one of the big questions with the fiscal cliff crisis or negotiations is how big of an impact will it really be to this economy overall, ours and the global economy? so as we continue to watch the business on the floor of the house, we'll bring you back there when speaker boehner does, indeed, address the fiscal cliff. rick: overseas now, and we're going to move to cairo, egypt, where egypt's army is begin bracing for -- again bracing for more protests after the showdown intensifies. many egyptians are afraid the proposed changes
% of the gdp when it starts to have disasterous impact. >> wealthy are in focus for this fiscal cliff deal but based on what we're talking about here today, charles, you believe your average american family, regardless what happens with this deal or not, will be affected when by some of these higher interest rates or higher inflation you see coming for the country? >> absolutely. even without this, just with some taxes coming in, associated with the new health care law and other things, we're talking about people paying taxes on what they call, unearned income, which is misno, ma'am ir. obviously money you got to invest in that restaurant or invest in the stocks was earned in the first place and you're taking a risk. if you pay taxes on rent, as person paying taxes guess who will pass the cost along? i will pass along to whoever is renting from me. jenna: when you see this, we go back to the high inflation, some other impacts, we're printing so much money from the federal reserve. that is something we expect to hear this week from the federal reserve we'll continue do in the year to come,
whatever deal they reach they have to get the votes for, and that's just the beginning. this fiscal cliff deal if they reach one it's just the beginning of deal making because it's not going to solve the problem. there is going to be more talks going into 2013 on tax reform and dealing with the deficit further. >> reporter: bob cusack thank you so much for joining us. we appreciate it. >> thank you. jon: let's talk a little bit more about the pickle that house speaker john boehner is in. he's struggling to avoid going over the fiscal cliff. he's facing growing criticism from members of his own party, the speaker removing four conservative congressman from key committees, the move seen by some as a way to close ranks over a potential fiscal cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives right now, car. >> reporter: sure it's not just off the hill. some of the members on the hill. fiscal conservative
Search Results 0 to 7 of about 8 (some duplicates have been removed)